Breakdown recovery

In February the mood on the WSE was mixed: for a few days bearish, and for the next few days bullish As a result, three weeks into the month, the indices were at similar level as on February 1st. In fact, that was the best day of the month for investors – the main indexes broke new psychological barriers – 55,000 in case of the WIG, and 3,500 for the WIG 20. But that was all – in the days that followed, stocks were traded in a nervous atmosphere before the WSE went into a decline, mostly due to the negative sentiment on Western markets. On the 13th day of the month, crucial equipment on the WSE stopped working, and the exchange suffered the biggest breakdown in its history. Trading was halted for half of the day. But after that, the indices started to climb and recovered their losses. Investors were encouraged by, among other factors, January’s industrial production data, which was far better than expected and confirmed that the economy is still growing.  Analy